PEL - Safe Trade1. Price congestion at support level signal some accumulations by bigger hands
2. Formation off doji with wicks adds support to above intrepretation
PEL
PEL: piramal enterprise positional trade.this trade analysis is based on data and computational maths which picks when and how big players are buying.
The data shows the stop loss is very minute and profits are huge.
can take position sizing keeping in mind a stoploss of 1600.
PEL - SYMMETRICAL TRIANGLE (FLAG & POLE)A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
PEL Setup tradeSELL below 1661 TGT 1610 SL 1684 . Once stock BD the support level we can enter in the trade. RSI is also going towards below 40 the sign of bearishness. This is for your educational purpose only.
PEL, can go up to 1600 or below tg1-1600, tg-2 1587Despite of today positive market, PEL broke its support zone and can go upto 1600 as this level have strong support as per option chain.
SellRSI failure alongwith negative divergence is clearly visible . Sell below 1882 sl 1990 target 1780-1650
Disc : it's not an investment advice to buy or sell
PEL + Multi time Frame + BreakoutMajor resistance: 2025
Major support: 1890
The Indicator Used:
Panel 1:
1) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
PELStock has formed a rectangle pattern after a good rally.
Wait for breakout or breakdown.
CMP: 1988
Buy: 2000
Sell: 1980
PELSymmetrical triangle patter
Price is consolidating with low volume.
Expecting a good move on either sides.
PEL looks interesting for a long term investment.PEL is looking for a move towards the upside.
The way it has broken away from 2+ years of trendline shows the strength of the bulls present.
PEL is interestingly a money bag for those who prefer to stay long in the market with a futuristic view however fundamentals will play a huge role in the coming movements.
Keep an eye on quarterly reports and future business opportunities.
Disclaimer: All charts are purely for educational and information purposes only. Invest or Trade at your own risk.
pel view - target metbuy given at 1570
for target then 1588-1597
though as per the pattern target was placed at 1810 level
TARGET MET
disclaimer - trade @ own risk
reference chart below
PEL trading levels for the dayanother gem of our fam PEL😍😘😘
for intra players.
must watch pel for the day. it can give u good opportunities.
flag and pole based buybreakout above 1570 will generate buy
for target move towards price
1588-1597 ( stop 1553)
bigger target 1810 (positional swing)
patternn identified > flag and pole
targets based on resistance level area
disclaimer - trade @ own risk
PEL - IntradayPEL is showing an uptrend in 1H & 15 min TF.
15 min candle formed a bullish pin bar & harami pattern from support + FIb 0.618 level.
BuyBuy PEL with sl below 1550 on daily closing basis for target of 1740+
Disc : it's not an investment advise to buy or sell
Piramal enterprise, positional view ! As shown in chart, it gave neckline breakout of inverted head & shoulder pattern.
Possible target:
1) 1710
2) 1900
Feel Free To Ask For Any Technical/Fundamental Query
Educational Purpose Only.
